Third quarter. Which could be the worst quarter for stocks in years. But now, attention turns to the fourth when Football Games and investment years are won or lost. This years Fourth Quarter has at least four challenges that will determine whether 2015 turns out to be a winner for investors like you or a loser. Challenge number one, china and the global economy. The world as Thomas Freedman wrote is flat, interconnected. Thats one of the ki lessons of 2015. When china. Hes, the world catches a cold and chinas slowing economy no one knows by exactly how much has spelled trouble for commodities, oil and metals most notably. Its also meant harder times for companies that export into the worlds second largest economy, Companies Like caterpillar and the automakers. Chinas stock market nose dived albeit after steep runups. Billions in wealth evaporated. Whats next for china and what will it mean for investors the world over . Challenge number two, u. S. Corporate profits. How will they stac
Only 20 days left until the election. Crunch time indeed, winter is coming and the fall coronavirus surge is clearly already here. This map says it all. 36 states adding new cases in the last week and crucial is what you do not see on this map. Green. Not a single state has seen cases decline in the last seven days. Thats the First Time Since early april. Since monday, 16 states hit new records in their sevenday average of new cases and 1 4 of states have daily positive test rates above 10 . Were seeing an uptick in whats called test positivity which is often, invariably highly predictive of resurgence of cases, which historically we know leads to an increase in hospitalizations and then ultimately an increase in deaths. Several key metrics are headed in the wrong direction. The United States hasnt had this many people hospitalized with covid since august 29th, and these are not asymptomatic cases, these are very sick people. Remember, even scaled back estimates show that almost 400,00
Senator Lindsey Graham whether or not there is an investigation ongoing into the Donald Trump Campaign and those contacts that allegedly occurred with russian officials during the president ial election. Since they have not confirmed the existence of an investigation, they have not even confirmed with senators, so in a private meeting between graham and whitehouse on march 2nd, james comey would not tell these two senators whether or not there was an investigation ongoing, even though they sit on a judiciary subcommittee investigating the issue of russia. Comey according to Sheldon Whitehouse said he would confirm whether or not that investigation is occurring by this hearing that theyre having tomorrow in this Senate Judiciary Committee Subcommittee exploring russias meddling in the election. Eastern yoeuropean elections as
committee and the top democrat mark warner told me going into the briefing theres no evidence whatsoever even though he met with james comey last week. One other s
Mayor Freddie O’Connell signed 44 executive orders Friday, most of which continued existing policy from predecessors Megan Barry, David Briley and John Cooper.